This concept is based on parabolic arc pattern which is very rare and usually occurs in extreme bull markets.
Target for that kind of pattern usually is 0.618 fib retracement.
Yorum
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Yorum
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if breaks 1120 will go to 1085 - 1045 and than possible to 970 - 890 level where I expect reversal point and resume bull trend.
Yorum
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Yorumlar
SchweizerGeld
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Makes sense, especially due to the fact that it would validate the 1980 peak just above $850. Once there, we could see the continuation of a multi-decade bull market in precious metals. Don't tell anybody, but I'm looking for just such a correction. :)